New Delhi, September 17
The Supreme Court on Thursday dismissed a plea by SBI in search of resumption of insolvency proceedings towards the then chairman of Reliance Communications (RCom), Anil Ambani, to get well Rs 1,200 crore mortgage granted to his two companies.
The prime courtroom refused to vacate the keep granted by the Delhi High Court by its interim order on the private insolvency proceedings towards Ambani. Ambani had given private ensures for the SBI loans of Rs 565 crore and Rs 635 crore to RCom and Reliance Infratel Ltd in August 2016. — PTI